yield spread premium


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yield spread premium

See service release premium.

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References in periodicals archive ?
1, 1999) (noting that yield spread premiums might be illegal where mortgage brokers receive additional fees for convincing borrowers to accept higher rates).
The CRA implications of predatory lending
Curiously, the court later clarified its earlier ruling, stating "certainly the court has not reached a final decision about the legality of yield spread premiums.
Mortgage brokers and yield spread premiums: legitimate fees or illegal kickbacks?
Further, it reiterated the industry's appeal for a clarification by HUD of the yield spread premium issue.
A history of mortgage reform
Bryan wrote: "By their very nature yield spread premiums are not compensation for services actually performed by the broker.
The plaintiff's adversary
The Federal Reserve is considering a rule change that would restrict the use of yield spread premiums, and the House FHA reform bill would strengthen the agency's powers to withdraw its approval from lenders with high default rates.
The truth about FHA
Implementation was delayed last month after industry officials objected, saying they feared Coakley intended a blanket prohibition of yield spread premiums.
State AG monitoring broker compensation
Yield Spread Premiums paid by lenders to mortgage brokers was also a hotly debated topic.
Senate panel examines RESPA reform. (Industry and Institute News)
THE MBA APPLAUDED THE DEPARTMENT OF Housing and Urban Development's (HUD's) statement in which HUD clarified its interpretation of the Real Estate Settlement Procedures Act (RESPA) regarding yield spread premiums (YSPs).
MBA supports hud's clarification on YSP policy. (Business alert)
that went against the mortgage industry on yield spread premiums.
Reid on board

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